Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DFNPF | DVSPF | T.DFN.PR.A

Dividend 15 Split Corp. is a Canada-based mutual fund, which invests primarily in a portfolio of dividend yielding common shares, which includes approximately 15 Canadian companies. It offers two types of shares, including Preferred shares and Class A shares. Its investment objectives with respect to Preferred Shares are to provide holders with fixed cumulative preferential monthly cash dividends in an amount of $0.04583 per Preferred share to yield 5.5% per annum on the $10 repayment amount and to return the $10 repayment amount to their holders on the termination date. Its investment objectives with respect to Class A Shares are to provide holders with regular monthly cash distribution targeted to be $0.10 per Class A share and return the original issue price to their holders on the termination date. The net asset value per unit must remain above the required $15 per unit threshold for distributions to be declared. Its investment manager is Quadravest Capital Management Inc.

TSX:DFN - Post by User

Dividend 15 Split Corp > revised UNIT NAV = $15.51

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Comment by flamingogoldon Aug 17, 2024 4:23pm

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RE:RE:RE:RE:RE:RE:RE:revised UNIT NAV = $15.51

All part of the risk/reward decision that every investor needs to make based on the available information... NAV, market direction, Quadravest management, etc...

Larry50 wrote: And what 'NAV' price is needed for the dividend to be approved for the coming month? DFN has paid with share prices as low as $5.17 in recent months so it would appear yesterday's close at $5.24 is marginal at best, but Monday being the 19th I assume Quadravest could approve it for September based on current pricing and current NAV?

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